Associated British Foods plc (OTCMKTS:ASBFY) Sees Large Growth in Short Interest

Associated British Foods plc (OTCMKTS:ASBFY - Get Free Report) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 79,500 shares, an increase of 113.1% from the November 30th total of 37,300 shares. Based on an average daily trading volume, of 63,400 shares, the days-to-cover ratio is presently 1.3 days.

Associated British Foods Stock Down 1.0 %

Shares of ASBFY stock traded down $0.25 during trading hours on Friday, reaching $25.68. The company had a trading volume of 14,433 shares, compared to its average volume of 11,736. The company has a 50 day moving average of $28.37 and a 200 day moving average of $30.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 1.78. Associated British Foods has a 1-year low of $24.46 and a 1-year high of $35.26.

Associated British Foods Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.9028 per share. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Associated British Foods's previous dividend of $0.21.

About Associated British Foods

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.